-What Was the Amount of Earnings Per Share?
A) $1

question 83

Multiple Choice

$\begin{array}{l}\text { Time Corporation reported the following for } 20X 1 \text { : }\\\begin{array} { | l | r | } \hline \text { Share Capital } & 5,000 \text { shares outstanding } \\\hline \text { Revenues } & \$ 100,000 \\\hline \text { Expenses } & \$ 95,000 \\\hline\end{array}\end{array}$
-What was the amount of earnings per share?

• A) $1.00.
• B) $2.00.
• C) $19.00.
• D) $20.00.

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Definitions:

Mixing Department

A section within a manufacturing facility where raw materials are combined or processed together to create a product or a component of a product.

Machine Hours

A measure of production time, calculated by the number of hours a machine is operated in the production of goods.

Activity-Based Costing

A pricing approach that allocates overhead and indirect expenses to distinct activities, resulting in more precise product cost calculations.

Overhead Cost

Indirect expenses related to the operation of a business that are not directly tied to a specific product or service, like rent, utilities, and administrative salaries.